Investment Management

By Chris Perras. Equity markets ended the week mostly lower amid a combination of rising US/China tensions, high COVID virus trends, and a stall in further U.S. fiscal stimulus measures. The S&P 500 fell 0.3% from last Friday’s close with the largest drags coming from the second half of the…

The S&P 500 cash index closed last week at 3225, up 1.25% on the week, which was an option expiration week. The S&P price return is now almost flat on the year on a price basis (-.2%), up about +1% year to date including dividends, and up +10.2% year to…

The S&P500 cash index closed the week at 3180, up almost 1.8% on the week (and now down about 1.5% YTD), as the “summer rally” that 99% of financial commentators on TV have missed since Friday June 26th when many were preaching lower targets, continues. Those calling for “trading ranges”…

By Chris Perras. The S&P500 cash index closed the week at 3130, up almost 4% (and down 3% YTD), from the Friday May 26th close which marks the timing for the normal summer rally. Don’t tell the naysayers of a recovery in the economy and stocks but, in addition to…

By Chris Perras. The S&P500 cash index closed the week at 3010, down about -2.9% on the week with all that coming on Friday, which was both option expiration and quarterly index rebalancing. Banks and energy were the biggest drags with the yield curve flattening. Short term traders sold cyclical…

The S&P 500 closed the week at about 3095. Tech and health care were the leaders, while losses in consumer discretionary, energy and financials held the broader index back. A spike in global coronavirus cases weighed on global equity markets earlier last week, however the S&P500 still rose 1.7% by…

By Chris Perras. The S&P500 index closed the week at 3025 with even the Nasdaq pulling back from last Wednesday’s closing record of above 10,000 to end the week -2.3% lower. The S&P 500 closed the week down 4.8% including Thursdays down 6% one day dump.  Fears of a second…

By Chris Perras. Buoyed by strong weekend money flows into index funds and ETFs, a surprise ECB bond buying program announcement, hedge fund and risk parity mid-week fear of missing out (FOMO), and finally a strong Friday jobs report, (much to the continued dismay on financial TV shows),  the S&P 500 reached…

by Chris Perras. The U.S. market rose last week 3% to cut its losses for the year to -5%.  For the month, the S&P500 jumped 4.5%. Moreover, global equities had an even better week, Global equities had a solid week led by the Japan/Nikkei (+7.3%) and France/CAC (+5.6%). I have…

By Chris Perras, CIO. The U.S. market rose last week on positive trial results for a COVID-19 vaccine and continued economic reopening measures.  As we have mentioned almost weekly since March 23rd, markets are forward-looking, so continue to expect a delay in economic activity relative to the markets. Buoyed by…

Weekly Market Update, 2020-05-18. Time in wins again. Much to the dismay of the financial news channels, equity markets are up over 3% on weekend. This was spurred by comments of Chairmen Powell, strong oil prices and positive vaccine news from Moderna. This proves again that it’s really hard to…

Weekly Market Update, 2020-05-11. Moving up, much to the dismay of the financial news channels. Yes, equity markets continued their upward move higher last week. Investors generally ignored hourly reports on “historically bad economic data” and some negative U.S. and China trade chatter. The rule remains: “Don’t fight the Fed.”…